GE announced this afternoon that it will acquire workforce management and analytics software vendor API Healthcare. Terms were not disclosed.
GE will incorporate API Healthcare’s offerings into its Hospital Operations Management product line that includes asset management and patient flow optimization solutions.
GE Healthcare Services President and CEO Michael Swinford was quoted in the announcement as saying, “Labor costs represent over 50 percent of hospital operating budgets. With this acquisition, GE Healthcare will be able to address a significant portion of hospital operations costs – assets, patients and labor – with a mix of software, real-time data, powerful analytics and professional services.”
The Hartford,WI-based API Healthcare offers solutions for staffing and scheduling, patient classification, human resources, talent management, payroll, time and attendance, business analytics, and staffing agency. The company’s solutions lead the KLAS rankings in the time and attendance and staffing and scheduling solutions categories.
Private equity firm Francisco Partners acquired API Software in November 2008, naming former Cerner executive J.P. Fingado as president and CEO. The company’s name was changed to API Healthcare in February 2009. Workforce management systems competitor Kronos announced plans to acquire the company in February 2011, but that agreement was scrapped in April 2011 after the Department of Justice expressed antitrust concerns. The company acquired hospital staffing and scheduling systems vendor Concerro in February 2012.